Pros & cons of DeltaStock broker

DeltaStock Fact sheet

DeltaStock is a regulated Forex and CFDs broker. The broker adheres to the rules of the Bulgarian Financial Supervision Commission (FSC) and is regulated under European Union MiFID 2. The MiFID 2 is an EU legal act that regulates securities markets, investment intermediaries, and trading venues. This makes DeltaStock a legit broker. 

The broker is a part of the compensation fund as per regulatory requirements, keeps user funds in segregated bank accounts, and offers negative balance protection for both retail and professional accounts. 

There are three account types available at DeltaStock, namely DeltaTrading, DeltaTrader, and DeltaStock Pro, each of them offering different terms. The first two are for retail clients. The trading platform for DeltaTrading, the Delta Trading platform, is the broker’s proprietary trading platform. It offers similar capabilities to other advanced platforms and supports all devices and operating systems. The DeltaTrader account employs MetaTrader 5 (MT5) as the main trading platform and offers very competitive spreads and no commissions. Users of this account can even chat with other traders from their MT5 platform while trading, making it easy to share ideas or get advice from others. Hedging is allowed on all accounts and makes it easy to control risks during trading. There are noticeable differences between the retail and professional trading account types. Starting from the leverage, the maximum leverage that retail clients can get is 1:33. This is because of an EU regulation that came into force after 2018 and restricts brokers regulated in the EU from offering more than 1:33 leverage to retail traders. But there is some good news for retail clients, as the minimum lot size allowed by DeltaStock is 0.01 making it very easy for beginners to start with a small budget. This restriction does not apply to professional clients, who can enjoy 1:200 leverage. In this regard, the margin requirements are lower on Pro accounts too, as for major FX pairs, it is just 0.5%, while for retail clients it is 3.3%. 

Pros & cons of account types

Comparing DeltaStock fees with other brokers

DeltaStock doesn't have fees, interests, or commissions (other than spreads) for trading the cash CFD instruments. 

DeltaStock fees compared to Interactive Brokers fees

*50 BGN (Around 28 USD) fee if the client hasn't done any trades or doesn't hold any position for one calendar year

**The inactivity fee was eliminated by IB in 2021, it used to be $20/m

DeltaStock fees compared to CM Trading fees

DeltaStock fees compared to plus500 fees

DeltaStock fees compared to XM fees

DeltaStock fees compared to AvaTrade fees

DeltaStock fees compared to Capital.com fees

There are two trading platforms provided by DeltaStock, namely MetaTrader 5 and broker’s own proprietary platform called Delta Trading. MetaTrader 5 (MT5) is a well-known continuation of the MetaTrader 4 platform and incorporates several new features. DeltaStock allows its MT5 users to chat directly with each other through the MT5 software. Trading conditions are very similar, and both platforms offer technical analysis capabilities on all devices. MT5 is more advanced and offers custom indicators and automated trading bots. Delta Trading offers semi-automatic trading possibilities with its conditional orders. The platform comes with numerous inbuilt indicators for technical analysis. All in all, both platforms can be used to trade financial instruments successfully. 

From trading basics to advanced trading courses, DeltaStock offers advanced educational material for newcomers to financial markets. There is a trader’s glossary and video gallery to watch video tutorials. Additionally, there is a blog available where the broker posts explanations about the most influential market news and events. As for trading tools, DeltaStock offers the following:

• Economic calendar
• Daily technical analysis
• Currency converter and trading position calculator
• Support and resistance, CFD quotes
• Market stats, the most traded instruments, currency correlations
• Central bank interest rates, and “millennial” shares bundles

All these tools are free and are available for DeltaStock’s clients. The broker emphasizes investment diversification and other critical points in their explanations and guides. 

DeltaStock has one of the best client support services on the market right now. Live chat can be accessed right from the website and the representatives are polite, knowledgeable, and willing to assist in any matter. They provide detailed information about services if the trader needs to know something, and the chat and other support forms are available in multiple languages. Having responsive and easy-to-access live chat is very important in the Forex broker scene and can be of great help for traders looking for certain answers. Each office offers its own phone number that can be used by clients to directly contact the broker in case of need. There is email support too. 

DeltaStock is a regulated broker offering trading services to EU clients under MiFID 2. The broker offers the trading of share CFDs, Forex, cryptos, indices, commodities, ETFs, and futures to their clients on the MT5 and Delta Trading platforms. The maximum leverage for retail clients is 1:33 as per regulations and 1:200 for professional accounts. With a minimum lot size of 0.01, it is possible to start trading with a relatively small budget while using the broker’s offered educational resources to learn all you need to know. Trading tools and market analysis offered by the broker will aid traders in increasing their trading accuracy. Customer support is exceptional at DeltaStock as the representatives are polite, responsive, and quickly provide solutions to issues. In the end, the broker seems legit and provides multiple phone numbers to contact them directly, together with the office address.